Posts Tagged ‘B2B branding’

Virtually as Good as a Trade Show

Monday, July 12th, 2010

As a B2B marketing person I’ve always loved trade shows.  Where else do all the trade press and your competitors and customers converge in one place—all with common interests?  People who are looking to buy are all in the same room with people who are looking to sell.  Trackable sales leads are flowing like a river from an identifiable source.  Gotta love it.

But according to a Forbes article, trade show revenue in the U.S.—about $12 billion annually—was expected to contract nearly 7 percent last year.  Trade shows require significant investment—booth space, exhibit design, videos, collateral materials, and most expensive of all—travel and expenses for the sales team.  No wonder people don’t think they can afford trade shows.

There is, of course, a cost for not participating—lost opportunity.  You can’t get sales leads from trade shows if you’re not there.  But now, with virtual trade shows, you don’t have to be physically there.  You can “man” your booth from your office computer, or, well, any computer anywhere.  That saves a bundle in T&E.  Other things are cheaper, too, in the virtual world.  Entry fees, exhibit design and build.  All you need is one representative from your company to be on deck to instant message visitors to your virtual booth.

I do still like the visual, physical, meet-and-greet trade show.  There’s no substitute for seeing faces, talking to actual people in person.  But if it’s a luxury your company can’t afford, check out the virtual shows.

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50+ Years Later, Brand Basics Remain

Monday, June 21st, 2010

There’s an iconic B2B ad by McGraw-Hill Publishing from 1958 that’s been played and replayed over the years.  I first saw it in the ‘80s, and now it’s been reprinted in the current issue of B2B magazine.  It’s a fabulous photo of a grumpy businessman sitting in his office chair on a white background, glowering at the reader.  Here’s the copy:

“I don’t know who you are.

I don’t know your company.

I don’t know your company’s product.

I don’t know what your company stands for.

I don’t know your company’s customers.

I don’t know your company’s record.

I don’t know your company’s reputation.

Now—what was it you wanted to sell me?”

It’s a classic ad, as true in 1958 as it is today.  Yes, things have changed significantly, but it’s still important to build your brand, maintain your reputation and be memorable in the marketplace.  It’s still important to pre-sell your audience, regardless of the vehicle you use.  Of course, in 1958 there was only one practical vehicle, and hence the final line of copy in the ad:

MORAL:  Sales start before your salesman calls—with business magazine advertising.

Now sales start with web sites, e-mail campaigns, SEO (Search Engine Optimization) and so much more.  But the fundamental concepts haven’t changed a bit.

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BP: Bummer Petroleum Part 2

Monday, May 17th, 2010

In my last blog I said that no amount of PR would help BP if, indeed, they were not safe and environmentally sound.  Their brand is certainly damaged, particularly because they built it to be green.  BUT crisis communications are still essential, regardless of what the brand stands for.  And man, is this a crisis.

Here’s the problem, from a communications point of view.  The first rule in a crisis is to tell the truth.  And if the truth isn’t good, tell it anyway, express sincere remorse and then explain how you’ll fix it.  Well, the leak continues, and as long as it does, BP is in the spotlight.

So it’s not a finite event.  You can’t just say ‘mea culpa’ and move on.  You can’t promise it will never happen again when you don’t even know how to stop it from happening now.

To BP’s credit, they are admitting to mistakes.  They are taking some responsibility.  They are offering to pay all legitimate claims.  (Although you immediately wonder what BP’s definition of “legitimate” is.)  But in a catastrophe of this magnitude the normal rules of crisis communication, even when applied properly, may not be enough.

Perhaps that’s why I saw this headline in PR trade press a couple days ago:

BP Launches Lobby and PR Blitz

These efforts are mostly to respond to Congressional hearings as well as reporters.

The article mentioned that the company has also hired another PR firm, Brunswick Group, specializing in “critical communication challenges.”  (So says their web site.)  But to bring in new people at this stage of the game?  A couple weeks after the initial incident?  What about BP’s existing firm?  What about the existing crisis communication plans that every company should have in place?

We can only hope BP knows how to stop leaks better than they know how to handle crisis communications.

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BP: Bummer Petroleum

Monday, May 10th, 2010

I suppose it was just a matter of time before the cheery BP ads with cute little icons representing alternative energy sources became a nightmare for BP PR people.  I know some of those folks because I was privileged to have BP as a client for quite a few years.  And, even though my heart bleeds for them, it bleeds much more for the people and the animals that suffer—and perhaps will suffer for years to come—as a result of the Gulf Coast disaster.

When you bill yourself as a super-duper environmentalist, you gotta make the rubber meet the road, so to speak.  A few years ago, I was pretty impressed with the company’s green commitment because the division I worked for did some serious R&D to mitigate the environmental impact of drilling for oil (in cold climates, though, not in Gulf waters).  But then BP sold off that division, and possibly their good intentions went with it.

Even when you are squeaky clean environmentally, you just know it’s dangerous to build your entire brand around it.  Drilling for oil is a risky business.  If you aren’t 150 percent certain that your multiple redundant safe guards will never ever let you down, then no.  Don’t beat your chest about how pro-environment you are.

Because there is no PR campaign in the universe good enough to save you if you really are not safe and environmentally sound.

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The Masters and Brand Mastery

Monday, April 12th, 2010

You can ask Accenture and other companies who bailed on Tiger Woods: When a person is also a brand in and of himself, and the brand is elevated to great heights by all who perceive him, there’s probably going to be a precipitous fall. And some marketers are bemoaning that consumer mistrust of this one brand is leaching to taint mistrust of many brands.

Maybe it’s true, but I would say most brands get what they deserve. Customers will be loyal to you if you give them ample reason to be. And they’ll stay loyal if you can sustain the reasons people trust you. No matter what size your company, it really comes down this:

Does your company have integrity?

So much easier said than done. Some would argue a big consumer goods company has a tougher time maintaining integrity by virtue of its size alone. But I would say it’s not a cakewalk for B2B companies either.

We B2B manufacturing firms have more different types of employees interacting directly with customers than most: ordering, shipping, accounts receivable, sales and more, depending on the type of product or service you offer. Every one of these people has to live up to the brand promise in every single transaction we make. Nearly impossible.

The point is, brand loyalty is very personal. And people aren’t perfect. Trust takes a long time to build and just seconds to shatter.

Take Tiger Woods, the most current, obvious example of a fallen brand. No matter how somber and sincere he looks in the new Nike black and white ad with a voice-over of his deceased father (ultra creepy, I think), Tiger has broken his brand promise. He is not yet to be trusted, although maybe he can build it back over time.

And yesterday, when Phil Michelson won the green jacket and tearfully hugged his wife (who has breast cancer) and their children, well, pass the tissues. The contrast between Phil and Tiger, who came in fourth, could not be greater. It’s all about honor, character, keeping your promises—for individuals and for companies too.

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New and Improved! It’s Not the Same Old Internet Anymore

Monday, February 22nd, 2010

It must be the winter doldrums.  The headlines in BtoB magazine all seem versions of the same ones I’ve read before:

Yes, the Direct Marketing Association aims to be more responsive;

Yes, companies are saving money by cutting TV advertising;

Yes, B2B marketers are trying to grab market share during a recession.

But there’s one thing very different.  And that is that new media is involved in most of the articles.

Now normally, I would be unphased by an additional medium.  When the Internet first came on the scene, I urged integration with other media.  And I counseled that it was just another venue for our messages, only this one was two-way.  For a while that was true.

But now it’s really so much more.  Now, I believe, it’s important to adjust our fundamental thinking on the subject.  We need to think beyond integration—which is still critical—to inbound and outbound marketing.

When you think of the Internet, which is still just a part of your overall marketing efforts, you think of messages coming and going in all directions.  You probably don’t even send one cohesive message outbound anymore.  It’s becoming impossibly complex.

Luckily there is marketing software to track all these comings and goings.  Luckily, there are ways to demonstrate ROI, something I have harped on forever.  Luckily, we can all learn and change.  It’s increasingly apparent that learning about new ways to send and receive messages via the Internet will be a permanent, ongoing process.

So anytime you are lulled into thinking there’s nothing new in this world of marketing, think again.  The last time there was something this new, Gutenberg was setting hot type.

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B2B Brands, Take a Lesson from China

Monday, February 1st, 2010

I have been following the Google China news with fascination.  There are really a number of significant aspects to the story, but I’ll focus on one for now. That is the concept of control.

Think of China as a brand.  Think of Google as a medium for disseminating information, and all its customers in China as stakeholders.  This shouldn’t be hard, as I am stating the obvious.

The point is, China is trying to control what its customers (the Chinese people) see through the media.  They have demanded that Google comply with their censorship rules (something I believe Google agreed to, somewhat reluctantly, as the cost of breaking into the huge and promising market in China).  Worse, and the source of the latest flap, China employed very sophisticated technology to hack into Google e-mails in an attempt to thwart content they deemed subversive or pornographic.

Google, recovering some integrity, (remember, they agreed to censorship) threatened to pull out of the country.  But the customers, the Chinese people, desperately want Google to remain, to the point where they are laying flowers on the Google sign outside the company’s headquarters in Beijing.  Poignant, really.

What’s the lesson for EMS companies and other B2B brands?  You cannot, repeat, cannot, control what your stakeholders see or hear any more even if you don’t like what it is.  The Internet, social media, instantaneous news and our way of life in the 21st century simply preclude the concept of control.  China is like brands of yore, sending out carefully crafted messages to the marketplace through tightly controlled channels.

That kind of marketing is now really over.  We must recognize and embrace the messages our customers are sending us.  We must engage in the conversation.

If people are going to blog unhappy things about your brand, learn from it.  But don’t try to stop it.  Because surely it’s a losing battle, even for a powerhouse like China, to try and keep the lid on any longer.I have been following the Google China news with fascination.  There are really a number of significant aspects to the story, but I’ll focus on one for now. That is the concept of control.

Think of China as a brand.  Think of Google as a medium for disseminating information, and all its customers in China as stakeholders.  This shouldn’t be hard, as I am stating the obvious.

The point is, China is trying to control what its customers (the Chinese people) see through the media.  They have demanded that Google comply with their censorship rules (something I believe Google agreed to, somewhat reluctantly, as the cost of breaking into the huge and promising market in China).  Worse, and the source of the latest flap, China employed very sophisticated technology to hack into Google e-mails in an attempt to thwart content they deemed subversive or pornographic.

Google, recovering some integrity, (remember, they agreed to censorship) threatened to pull out of the country.  But the customers, the Chinese people, desperately want Google to remain, to the point where they are laying flowers on the Google sign outside the company’s headquarters in Beijing.  Poignant, really.

What’s the lesson for B2B brands?  You cannot, repeat, cannot, control what your stakeholders see or hear any more even if you don’t like what it is.  The Internet, social media, instantaneous news and our way of life in the 21st century simply preclude the concept of control.  China is like brands of yore, sending out carefully crafted messages to the marketplace through tightly controlled channels.

That kind of marketing is now really over.  We must recognize and embrace the messages our customers are sending us.  We must engage in the conversation.

If people are going to blog unhappy things about your brand, learn from it.  But don’t try to stop it.  Because surely it’s a losing battle, even for a powerhouse like China, to try and keep the lid on any longer.

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